Interest Rates & Service Charges - ICICI Bank

How are interest rates calculated?

Savings Bank Account interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. The interest amount calculated is rounded off to the nearest rupee. With effect from March 30, 2016, interest will be paid quarterly in March, June, September and December.

With effect from 4^th June 2020, the savings account interest rate applicable would be:

RBI Policy Repo Rate effective February 8, 2023 is 6.50%.

"ICICI Bank External Benchmark Lending Rate" (I-EBLR) is referenced to RBI Policy Repo Rate with a mark-up over Repo Rate. I-EBLR is 9.25% p.a.p.m. effective September 30, 2022.